Description

Nationalization remains an integral part of reforms in the GCC where each government is trying hard to cope-up with its population on unemployed nationals. GCC nations have long realized this situation and have since been implementing â€œnationalizationâ€ plans by executing steps in several areas and jobs. Each country has put in place its own strategies to tackle the situation. Some announced incentives for the jobless; some moved private companies to hire more; some created new jobs in the public sector. But did any of these really achieve the target of achieving successful nationalization? The biggest challenge in Nationalization currently is lack of willingness of nationals to join the private sector. However this time it is getting more obvious that the apathy is not only from private sector companies, but from the nationals themselves. In a recent article by Kippreport, Emiratis interviewed candidly expressed that despite their education and specialization in universities abroad - sponsored by the government - upon their return they preferred to work for public sector companies simply because of the higher salaries and limited working hours.

While regional governments place legislature in favour of nationalization in the private sector, the sentiment in the private sector is that they are being forced to hire nationals who don't want to work in that sector at a higher salary and if the nationals don't want to respond to their recruitment drive they are penalized for it. Now in its 4th successful year, 4th Annual Managing Local Talent scheduled for the 1st-3rd of October promises to provide an unprecedented platform for thought provoking case studies, fast hand experiences through presentations, unflinching panel discussions and interactive post event workshops.